BW Gestao de Investimentos Ltda. Makes New Investment in Century Aluminum Company $CENX

Key Points

• BW Gestao de Investimentos Ltda. has acquired a new position in Century Aluminum Company, purchasing 38,001 shares valued at approximately $705,000.
• Century Aluminum reported a loss of ($0.05) earnings per share for the last quarter, significantly missing analysts' estimates, despite generating $628.10 million in revenue.
• Research analysts have set a consensus price target of $24.67 for Century Aluminum, indicating a mix of ratings with one strong buy and three buy ratings noted.

BW Gestao de Investimentos Ltda. acquired a new position in shares of Century Aluminum Company (NASDAQ:CENX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 38,001 shares of the industrial products company's stock, valued at approximately $705,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in Century Aluminum by 13.1% during the 1st quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company's stock worth $101,000 after acquiring an additional 628 shares in the last quarter. Wellington Management Group LLP grew its holdings in Century Aluminum by 0.6% during the 4th quarter. Wellington Management Group LLP now owns 411,589 shares of the industrial products company's stock worth $7,499,000 after acquiring an additional 2,358 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Century Aluminum by 12.9% during the 1st quarter. Park Avenue Securities LLC now owns 20,890 shares of the industrial products company's stock worth $388,000 after acquiring an additional 2,381 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in Century Aluminum by 5.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 58,117 shares of the industrial products company's stock worth $1,059,000 after acquiring an additional 2,801 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Century Aluminum by 261.8% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,020 shares of the industrial products company's stock worth $75,000 after acquiring an additional 2,909 shares in the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.

Century Aluminum Trading Down 2.9%

NASDAQ CENX opened at $21.69 on Wednesday. Century Aluminum Company has a one year low of $11.63 and a one year high of $25.39. The company has a 50-day simple moving average of $21.11 and a 200-day simple moving average of $18.82. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.61 and a current ratio of 1.75. The firm has a market capitalization of $2.02 billion, a PE ratio of 18.70 and a beta of 2.55.

Century Aluminum (NASDAQ:CENX - Get Free Report) last posted its earnings results on Thursday, August 7th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.39). The firm had revenue of $628.10 million for the quarter, compared to analyst estimates of $606.10 million. Century Aluminum had a net margin of 4.94% and a return on equity of 18.02%. On average, equities analysts forecast that Century Aluminum Company will post 2.76 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. B. Riley raised their price objective on shares of Century Aluminum from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, August 8th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Century Aluminum in a report on Friday, August 8th. Wall Street Zen lowered shares of Century Aluminum from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Finally, Zacks Research raised shares of Century Aluminum from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat.com, Century Aluminum has an average rating of "Buy" and a consensus price target of $24.67.

Insider Transactions at Century Aluminum

In other Century Aluminum news, SVP Matt Aboud sold 12,027 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $23.27, for a total transaction of $279,868.29. Following the completion of the transaction, the senior vice president directly owned 62,589 shares of the company's stock, valued at $1,456,446.03. The trade was a 16.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.68% of the stock is owned by insiders.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.

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